Investors, in so many ways, are their own worst enemies. Investing is one of the only fields where the ability, than the willingness, to consistently do nothing is a competitive advantage. Berkshire hathaway has fallen peke the trough 50 %, i think, four times through its history. If you can't honestly say to yourself that you can stomach a 50% drata, you have no business in the stock market at all.
Brian Feroldi is the author of the book “Why Does The Stock Market Go Up?: Everything You Should Have Been Taught About Investing In School, But Weren't”. His mission statement is “To Spread Financial Wellness”, and he does exactly that in this episode of Infinite Loops! You can connect with Brian on Twitter at https://twitter.com/BrianFeroldi and get his book from Amazon at https://www.amazon.com/Why-Does-Stock-Market-Everything/dp/1735066168/ Show Notes:
- Brian’s first exposure to the stock market
- The power of mission statements
- Personal finances over investments
- Paying off your mortgage early
- Finding high-quality companies
- (Business) Momentum investing
- Brian’s Investment Checklist
- Importance of narratives in investments strategies
- 99% of great investing is doing nothing
- On being wrong, and learning from mistakes
- DCA’ing into index funds
- Capitalism is brutal
- Knowing Tom Engle
Books Mentioned:
- Why Does The Stock Market Go Up?; by Brian Feroldi
- The Tao Jones Averages; Bennett W. Goodspeed
- How To Retire Rich; by Jim O'Shaughnessy
- The Intelligent Investor; by Benjamin Graham
- The Psychology of Money; Morgan Housel
- Just Keep Buying; Nick Maggiulli